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Hi there. I am currently living in Sydney now. My parents have recently purchased an EC in Pasir Ris, my mother is planning to pay it off completely in March. We are only moving in Feb. I was hoping that we will be able to mortgage the new EC and buy another property in Sydney under my name. Is it possible? What are the limitations? Need some advice.
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2 Answers

Mike Lim
Replied
Morning,

New EC are governed under HDB ruling and even though the unit is fully paid, you cannot use the unit as collateral for funding to buy another property.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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D. Kumar
Replied
Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further on your enquiries.

Do visit my website to view my testimonials/recent awards and gather more info on me: www.kumarrai.com.
Look forward to hearing from you! Have a great day!

D Kumar
 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com dkumar@era.com.sg

About Me-
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
Preeminent Group
2014 3rd Quarter Top Achievers
(Top 13 Achiever)
2014 August ERA Top Achievers (Top 4 Achiever)
2014 September ERA Top Achievers Read More
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